Import tax tariff changes for vehicles and parts other than railway or tramway as per Indian Union Budget 2016-17
Monday, January 30, 2017     Category : Indian Budget 2016-17

 

Customs duty tariff rate changes as per Indian Budget 2017-18


Central Excise Duty changes as per Indian Budget 2017-18


Service Tax rate tariff Changes under Indian Budget 2017-18



(Updating soon after Budget 2017-18 on 1st February,2017 under text format and pdf format)

Budget 2016-17 changes in customs import duty tariff,excise duty and service tax

 

Indian Union Budget 2016-2017, changes in import customs tax tariff, chapter wise

 

Indian Budget 2016-17, Excise duty tariff changes, chapter wise

 

Changes in Service Tax as per Budget 2016-17

 

 


As per Indian Budget 2016-17, the extract of notification on changes of import customs duty tariff  for this chapter is given under:

 

1) Basic Customs duty on golf cars [8703] is being increased from 10% to 60%. S. No. 441 of notification No.12/2012-Customs as omitted by notification No. 12/2016-Customs, dated 1st March, 2016 refers.

 

2) The validity period of exemption granted to specified goods for the use in the manufacture of electrically operated vehicles and hybrid vehicles is being extended without time limit. Clauses (g) and (h) of proviso to notification No. 12/2012-Customs, as omitted by notification No. 12/2016-Customs, dated 1st March, 2016 refers.

 

3) The description “Engine for HV(Atkinson cycle)” appearing in S. No. 440 of notification No. 12/2012-Customs is being changed to “Engine for xEV(hybrid electric vehicle)”. Notification No. 12/2012-Customs as amended by notification No. 12/2016-Customs, dated 1st March, 2016 refers.

 

4) The entry of 6% appearing in column 5 of Sl. No. 439 and 440 of notification No. 12/2012-Customs is being omitted. Notification No. 12/2012-Customs as amended by notification No. 12/2016-Customs, dated 1st March, 2016 refers. 6% Concessional CVD on imports will, however, continue by virtue of 6% concessional excise duty under S. No. 296 and 297 of the Notification No. 12/2012-Central Excise dated 17.03.2012. 

Click here for full notification changes in Import Customs duty and excise duty under India Budget 2016-17  Import customs duty,Excise duty changes Budget 2016.pdf

 


Formalities to export Vehicles and parts other than railway or tramway rolling stock (under chapter 87 of HS Code )

Rules to import goods other than railway or tramway rolling stock (Goods under Chapter 87 of HTS code)

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Import tax tariff changes for vehicles and parts other than railway or tramway as per Indian Union Budget 2016-17 

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Comments

 
Mian Iqbal Hassan Says :
Monday, May 23, 2016
Dear Sirs, Please intimate the CKD parts import vide vehicles Chapter 87 duties and taxes in India and her surrounding countries. Thanks ,Regards. Mian Iqbal Hassan, E.mail:- iqbalha@yahoo.com
 

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